Business directors blame coronavirus fears for fall in confidence

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 67%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Other challenges cited by bosses were domestic economic challenges and uncertainty over the UK's trading status with the EU.

Tej Parikh, chief economist at the Institute of Directors, said:"The coronavirus outbreak poses a significant challenge for the business community, and it is vital that the government continues providing timely and accurate guidance.

"The UK's directors are nothing if not resilient. Businesses large and small are already responding with agility, with many already taking sensible mitigating actions at this stage."However, with the prospect of orders drying up and staff in quarantine, some firms will be looking at a potential cashflow crunch, and confidence in the economy has taken a knock.

"Government must be at the ready to take swift action to help cash-strapped businesses bridge this challenging period. "The upcoming Budget also provides an opportune moment to lower business costs and support investment to amplify the post-outbreak recovery."Virus Outbreak: Your questions answered #AskSkyNews at 12.30pm weekdays

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No, it's down to 'Tory brexit' government policies, that's why .....!

Andrex directors have no complaints.

Thought it was Brexit. They hang on to anything current don't they...

Some things are just out of our control

Oh look, folks behind an iron curtain complain. Perhaps let them step in at the front lines. Would love to know what they think of it then. Easier to complain when you’re in your high castle.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTSE 100 plunges 8.5% on fears of global recession triggered by coronavirus – business liveRolling coverage of the latest economic and financial news, as stocks slump across the world amid the deepening coronavirus crisis Paniced into recession. Good job. perfevt reason y the free market is not compatable with human life whenever it contradicts human need it crashes 8.5%? ITEOTWAWKI
Source: The Guardian - 🏆 84. / 53 Read more »